Copper futures are written on 25,000 pounds per contract and prices are quoted in dollars per...
Copper futures are written on 25,000 pounds per contract and prices are quoted in dollars per pound. The maintenance margin is $3100 per contract , and the initial margin is 110% of the maintenance margin. You take a short position in one April 2019 Copper futures contract at the end of the day on January 23 and fund your account with cash to meet the initial margin. Fill in the table below based on the price realizations.
| Date | Futures Price | Daily Gain | Cumulative Gain | Account Balance | Margin Call | Ending Margin |
| 1/23 | 2.66 | |||||
| 1/24 | 2.64 | |||||
| 1/25 | 2.67 | |||||
| 1/28 | 2.72 | |||||
| 1/29 | 2.68 | |||||
| 1/30 | 2.65 | |||||
| 1/31 | 2.61 |
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Copper futures are written on 25,000 pounds per contract and
prices are quoted in dollars per...
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